Dow drops as gold edges higher
The Dow Jones industrial average dropped 194.37 points, or 1.8%, during the report period ended May 9 to close at 10536.75.Spot gold on the Comex division of the New York Mercantile Exchange picked up…
Articles by Northern Miner Staff
Ken Snyder mine boosts Franco-Nevada to record year
The Ken Snyder gold mine in Nevada’s Midas district gave a major boost to the bottom line of Franco-Nevada Mining (FN-T) in its fiscal year ended March 31, 2000.The Toronto-based company posted net ea…
MEETINGS (May 15, 2000)
May 15 Augusta — annual, generalMay 15 Ecstall Mining — annual, generalMay 15 Greystar — annual, generalMay 15 Huldra Silver — annualMay 15 Landore…
Gitennes eyes Nunavut, Peru
Armed with airborne geophysical data, the world’s second-largest copper producer, Phelps Dodge (PD-N), is set to launch an 8-to-10-hole drill program on the Nowyak gold-silver-zinc property in Canada’…
Carrington to speak at BC Mining Week
John Carrington, vice-chairman of Barrick Gold, will be the keynote speaker at Mining Week 2000, to be held May 7-14, in Vancouver, B.C.His presentation, titled Mining for the future: much to gain, mu…
Copper, nickel show life signs while gold remains in doldrums
The report period April 24-28 was an encouraging one for the main stars of the London Metal Exchange (LME).Despite more wobbles in both equity and bond markets, copper and nickel climbed away from rec…
Red Dog drives Cominco
Higher operating profits at the Red Dog mine and the Trail smelter allowed Cominco (CLT-T) to reduce its debt considerably in the first quarter.Cash flow during the 3-month period was $91 million (or …
NAME CHANGES (May 08, 2000)
Sand River Resources (SRL-V) has changed its name to Rio Fortuna Exploration (RFT-V) on a 1-new-for-7-old-share basis.
Miners advance without gold
The Dow Jones industrial average gave up the ground it recently gained, losing 393.70 points, or 3.5%, to close the reporting period April 26-May 2 at 10,731.12.Gold issues sparkled despite a drop in …
Metal Prices (May 08, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)Aluminium1453.50/1479.50Holiday1455/1485…
Toronto Stock Exchange Indices (May 08, 2000)
— 2000 –DateMay 2May 2…
El Peon vitalizes Meridian’s quarter
A successful startup at the El Peon mine in northern Chile enabled Meridian Gold (MDG-N) to experience a 134% rise in gold production during the first quarter. Cash operating costs for the period wer…